ADM 3319 Chapter Notes - Chapter 1: Foreign Direct Investment, General Agreement On Tariffs And Trade, Free Trade
13 Apr 2020
School
Department
Course
Professor
Document Summary
Globalization: a process whereby worldwide interconnections in virtually every sphere of activity are growing (primarily economic interconnectedness trade liberalization) The following four categories of change illustrate the process of globalization: growing economic interconnectedness. E. g. eu, nafta, apec (asia pacific econ cooperation) Wto resulted from the general agreement on tariffs and trade (gatt) Local econonmy conditions are not the result of purely domestic influence. Regional gdp growth rate of fastest growing regions of the world. Regional gdp growth rate of least dynamic regions of the world. Also think foreign direct investment (fdi: interconnectedness of economic + organization affects stability of work environment. Reducing organizational size and operational costs implemented by management in order to improve organizational efficiency. Organizational members who are let go are most affected. Process of transferring an enterprise or industry from the public sector to the private sector. No longer being run by government agencies.
